In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Celanese Corp (NYSE: CE) closed the day trading at $153.89 down -0.99% from the previous closing price of $155.43. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 0.68 million shares were traded. CE stock price reached its highest trading level at $154.525 during the session, while it also had its lowest trading level at $152.0413.
Ratios:
For a better understanding of CE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 1.99 whereas as Long-Term Debt/Eq ratio is at 1.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on April 04, 2024, Downgraded its rating to Underweight and sets its target price to $160 from $135 previously.
On April 04, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $170.
Piper Sandler Upgraded its Neutral to Overweight on February 26, 2024, whereas the target price for the stock was revised from $135 to $170.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when Richardson Scott A sold 2,000 shares for $156.49 per share. The transaction valued at 312,980 led to the insider holds 74,429 shares of the business.
Kelly Thomas Francis bought 1,400 shares of CE for $219,373 on Mar 14 ’24. The SVP, EM now owns 57,023 shares after completing the transaction at $156.69 per share. On Mar 14 ’24, another insider, Richardson Scott A, who serves as the EVP & COO of the company, sold 2,000 shares for $156.85 each. As a result, the insider received 313,700 and left with 76,429 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CE now has a Market Capitalization of 17168430080 and an Enterprise Value of 29513609216. As of this moment, Celanese’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.59, and their Forward P/E ratio for the next fiscal year is 11.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 2.698 whereas that against EBITDA is 16.119.
Stock Price History:
Over the past 52 weeks, CE has reached a high of $172.16, while it has fallen to a 52-week low of $99.33. The 50-Day Moving Average of the stock is -2.54%, while the 200-Day Moving Average is calculated to be 11.68%.
Shares Statistics:
Over the past 3-months, CE traded about 718.05K shares per day on average, while over the past 10 days, CE traded about 582720 shares per day. A total of 111.56M shares are outstanding, with a floating share count of 111.09M. Insiders hold about 0.42% of the company’s shares, while institutions hold 103.70% stake in the company. Shares short for CE as of 1713139200 were 4914648 with a Short Ratio of 6.84, compared to 1710460800 on 4943965. Therefore, it implies a Short% of Shares Outstanding of 4914648 and a Short% of Float of 6.84.
Dividends & Splits
CE’s forward annual dividend rate is 2.80, up from 2.8 a year ago. Against a Trailing Annual Dividend Yield of 0.01801454The stock’s 5-year Average Dividend Yield is 2.17.
